Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Engel who wrote (55394)	5/11/1998 8:19:00 PM
From: Barry Grossman	Respond to of 186894

Paul and all, ALTech Announces Intel Investment fast.quote.com PR Newswire, Monday, May 11, 1998 at 16:22 ALTech Plans to Further Optimize the Performance of its SpeechWorks Speech Recognition Solution for the Intel Architecture BOSTON, May 11 /PRNewswire/ -- Applied Language Technologies (ALTech), a leading provider of conversational speech recognition technology and products for over-the-telephone, customer service solutions, today announced that it has received an equity investment from Intel Corporation (NASDAQ:INTC) as part of a round of financing. In addition, ALTech announced that it plans to work with Intel to further optimize the performance of ALTech's SpeechWorks (TM) solution on IA-32 processors, including Pentium(R) II Xeon(TM) processors, and on Intel's forthcoming 64-bit processors. ALTech's SpeechWorks solution is distinguished by its building block approach that can speed time to market of complex, transactional speech applications. ALTech currently runs all of its customer-deployed systems on Intel-based servers. "With speech recognition technology, Fortune 1000 companies have a way to improve customer service on a broad scale," said Scott Richardson, director of Enterprise Server Programs at Intel. "Technologies such as ALTech's, tuned to run optimally on Intel-based servers, can help companies move quickly to create and customize advanced speech recognition applications." "We are excited to have received this new investment from Intel, which will enable us to expand our capabilities in core recognition, graphical tools, solutions services, and rapid prototyping," stated Stuart Patterson, ALTech's chief executive officer. "We've always been proud of our ability to support high-end speech recognition solutions on Intel-based servers. This collaboration will enable us to add more features and support more users on these systems in the future." Applied Language Technologies (ALTech) is enabling people to talk to computers over the telephone in a natural way. The Company's award winning SpeechWorks solution is based on technology licensed from the Massachusetts Institute of Technology and incorporates technology patented by ALTech. SpeechWorks provides rapid development of speech-activated, transactional services for the brokerage, travel, banking, and telecommunications industries. The Company also provides comprehensive system integration and support services to clients. ALTech is a privately held corporation based in Boston, Massachusetts. For additional information, visit altech.com. SpeechWorks is a trademark of Applied Language Technologies, Inc. All other trademarks are the properties of their respective owners. SOURCE Applied Language Technologies -0- 05/11/98 /CONTACT: Lauren Richman of ALTech, 617-428-4444, richman@altech.com or Ed Thomas of Lois Paul & Partners, 781-238-5853, Ed_Thomas@lpp.com/ /Web site: altech.com